The Dog from Tallahassee (TallyHoWallet securely Unmasking the Meta)

By Jinno | The Flippening | 23 Jul 2022


 

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  "Tally you’re my very best friend.  'And you’re mine too Metamask.'  'And we’ll always be friends forever… won’t we?' 'Yeah forever.' "

 " 'Tally (whisper).' 'It’s great to see you Metamask but you know… you shouldn’t be over here. You’re going to get us both in a lot of trouble.' 'I just wanted to see you. Were still friends aren’t we?' 'Metamask those days are over I’m true Web3 hunting wallet built entirely from a new codebase now… You better update your 6 year code before ol’ Pocket Network wakes up.' 'Ah ol’ Pokt doesn’t scare me.'"

I believe devoutly in the principles of decentralization – user sovereignty, privacy, and freedom” - Matthew Luongo

  To be honest I wasn’t really sold on the idea of TallyHo Wallet because on initial glance there is a Metamask killer disposition in the logo which to me isn’t accurate. Metamask’s logo is not a fox it’s a mask of a fox meant to represent your identity in Web3.

  Communauté Steam :: :: Masks

  But after reading the blogs tally.cash on security I’m super stoked on a grassroots wallet that has security as priority. The developers of Tally Ho have built a more hardened key derivation function with a tighter dependency tree than other wallets. The status quo of web3 wallets has gained significant security improvements by Least Authority audits on Tally’s hd-keyring repository (wallet’s key handling code with no significant security vulnerabilities). Security wasn’t really a concern for me on Metamask but that was before I knew about the browser wallet vulnerability. Most commonly used browsers save all input fields on disk, unencrypted, by default they do this to make restoring tabs boot easy after startup. This means that every typed recovery phrase is saved to your hard-drive, unencrypted.

 

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  Your wallet is your best friend because it’s not really a wallet it’s an interface with public and private keys that allow you access the ledger of your blockchain of choice. Now if that interface is compromised by your seed recovery phrase being unencrypted or your signing transactions with your user password you’d want an up-to-date wallet built with security as a priority. Key features of Tally Ho’s wallet include:

  • Read-Only Wallets- no ability to sign transactions just viewing assets
  • Connecting to dApps without unlocking your wallet’s keyring.
  • 24-word recovery phrases by default
  • Fault recovery redundancy phrases for various accounts allowing compartmentalization of different accounts and a step in the right direction for decentralization.

 

There are Few Quid Quo Pros

aladdin genie william f buckley laser time

 

  I thought it kind of odd that Open Source GPLv3 license would start off integrating Ledger wallet which is proprietary software and not use a hardware wallet {Trezor}  that was also open source (but I’m not a developer and maybe I’m missing something on the intricacies). Speaking of Open Source how does the community own the wallet? I don't own any distributions of the Linux operating system, many of which are provided by the GNU Project. I'm allowed to use them even modify them but I don't own them.  

 With Tally Ho's current state (Community Edition) I can only use the wallet to browse new Dapps that I'm looking into on the Etheruem Network. (Decentralization through different browsers) But when I do make the switch over will Infura be an option for node operators? I can already use Alchemy and Pocket Network on Metamask. However both of them together only takes me so far concerning chain IDs when we get to the less used chains I have no choice but to use Infura.

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 WISHLIST

 Native integration with the Railgun protocol. Through zero-knowledge proof (zk-SNARKs) technology, Railgun users enjoy full privacy. Their identifying information is kept private when making transfers, trading, using leverage platforms, adding liquidity or using decentralized applications (dApps) any way they like. RAILGUN is compatible with all standard ERC-20 tokens by default. Tally Ho could call it Snoopy mode. As well as native use to Tornado Cash so after I use a particular farm or protocol I could transfer my Ether to a new wallet address within Tally Ho wallet. The reason to use Tally Ho rather then the Tornado Cash protocol would be the transfer is covered by the DAO treasury as a perk to users who wish to utilize it.

  Tornado Cash improves transaction privacy by breaking the on-chain link between source and destination addresses. It uses a smart contract that accepts ETH deposits that can be withdrawn by a different address. To preserve privacy a relayer can be used to withdraw to an address with no ETH balance. Whenever ETH is withdrawn by the new address, there is no way to link the withdrawal to the deposit, ensuring complete privacy.

 

HYPOTHESIS - If you build it I will come

 

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Jinno
Jinno

Shisō hanzai-sha


The Flippening
The Flippening

Raw unfiltered nerve mad lad luddite that enjoys references to the Matrix and authenticity to the core

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